Limited Liability Partnership
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2011
There is a condition where if we converted pvt ltd co to llp we cant withdraw current capital for 3 years from conversion. I want to know can we withdraw from fixed capitals? and is there any capital gain tax on withdrawal of capitals?
13 January 2011
Fixed capital cannot be withdraw for 3 years.
capital gain does not apply on withdrawing the capital.
capital gain does not apply on withdrawing the capital.
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2011
Thanx for the reply.
Sir,Please tell me where it is written that we can't withdraw from fixed capitals for 3 years.
Sir,Please tell me where it is written that we can't withdraw from fixed capitals for 3 years.
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